PIF and FIFA forge partnership for FIFA Club World Cup 2025™
Article content
The partnership expands PIF's global footprint in sports and reflects a shared commitment with FIFA to fuel growth and engagement in football
Article content
Article content
FIFA Club World Cup 2025™ will make history, redefining club football and bringing 32 of the world's best clubs together for the first time
Article content
ZURICH & RIYADH, Saudi Arabia — PIF and FIFA today announced PIF as an official partner of FIFA Club World Cup 2025™, which will take place in the U.S. from June 14 to July 13, 2025.
Article content
The partnership reflects FIFA and PIF's shared vision to enable greater participation in sports by unlocking new opportunities, fostering innovation and engaging fans around the world. With a focus on youth, the partnership will provide opportunities for young people, supporting FIFA in its efforts to engage and inspire at a grassroots level.
The new FIFA Club World Cup 2025™ marks a fresh chapter for club football on the global stage. It will feature 32 of the world's top football clubs, bringing together champions from all six FIFA confederations for a month-long tournament in 11 cities across the U.S.
Article content
Romy Gai, Chief Business Officer at FIFA,
Article content
said:
Article content
Article content
'We are delighted to welcome PIF as a partner of the FIFA Club World Cup 2025™. Together, we look forward to delivering a historic tournament that inspires and unites fans from around the world.
Article content
'The partners of the first-ever 32-team FIFA Club World Cup believe in our vision to make football truly global. Their support of the tournament will not only be integral to its success but will underpin investment in supporting the development of club football everywhere.'
Article content
Mohammed AlSayyad, Head of Corporate Brand at PIF
Article content
,
Article content
Article content
said: 'PIF is creating a legacy of transformative impact in sports including through its partnerships, delivering positive and lasting results at every level, from players and fans to host communities.
Article content
'PIF is at the forefront of growing football around the world following our Concacaf partnership announced last year and our continued investment in football. We are unlocking opportunities to drive the growth of the sport around the world.'
Article content
Football plays a crucial role in the ongoing transformation of Saudi Arabia and as host of the FIFA World Cup 2034™, reinforces the country's ambition to grow the game globally, create new opportunities for all and extend its benefits in Saudi Arabia and every part of the world for generations to come.
Article content
The FIFA Club World Cup 2025™ will be played in 12 stadiums across 11 U.S. host cities. The 63-match tournament will culminate with what promises to be a spectacular final at MetLife Stadium New York New Jersey, on Sunday, July 13, when the FIFA club world champion will be crowned.
Article content
All tournament fixtures will be live-streamed for free on DAZN.com, bringing the excitement of the first edition of the competition to every football fan around the world. Tickets and ticket-inclusive hospitality packages are on sale via FIFA.com/tickets.
Article content
ABOUT PIF
Article content
PIF is the investment engine driving economic transformation for Saudi Arabia and the world. With an ambitious program to deliver Vision 2030, PIF invests in projects, companies and partners to diversify the Saudi economy, stimulate growth in every major sector, and create new opportunities for investment and employment.
Article content
And as a global investor and catalyst of change, PIF actively partners with the most pioneering organizations across the world to accelerate their growth, and transfer the technology and knowledge needed to build industry ecosystems of the future.
Article content
Since 2017, PIF has established 103 companies and is driving the transition to a more sustainable economy through strategic investments and partnerships across the Saudi public and private sector. PIF is laying the foundations for local and international partners to invest in the economic and societal transformation of Saudi Arabia.
Article content
Article content
Article content
Article content
Contacts
Article content
For media inquiries:
Article content
Article content
PIF Media Relations
Article content
Article content
Email:
Article content
media@pif.gov.sa
Article content
Article content
Website:
Article content
www.pif.gov.sa
Article content
Article content
Article content
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
2 hours ago
- Globe and Mail
Robinhood May Enter S&P 500 Club: A Win for Retail Investors?
Robinhood Markets Inc. HOOD is poised for potential inclusion in the S&P 500 Index, with an official announcement expected tomorrow. The index's quarterly rebalancing occurs later this month. Per the latest guidelines for the stocks' inclusion in the S&P 500 index, companies must have a market value of at least $20.5 billion and be profitable on a GAAP basis for the past four quarters cumulatively and in the most recent quarter. HOOD fits the bill. It has a market capitalization of almost $63 billion and has been consistently profitable over the trailing four quarters. Inclusion in the S&P 500 is significant, as it often leads to increased demand from index funds and passive investors who aim to replicate the index's performance. This heightened demand can boost a company's stock price and liquidity. For Robinhood, such inclusion would not only validate its growth trajectory but also enhance its visibility and credibility in the financial markets. However, the company must navigate potential challenges, including market volatility and regulatory scrutiny, especially given its involvement in cryptocurrency trading. HOOD's recent stock performance has been impressive, with a 94% rally this year. This has been driven by the expansion of its product suite, acquisitions, and favorable developments in the cryptocurrency space. Last month, Robinhood's competitor, Coinbase Global COIN, joined the S&P 500 Index. In the week following the announcement of its inclusion in the index, Coinbase shares soared 33.7% despite the news of a hack and regulatory scrutiny. America's largest registered cryptocurrency exchange, Coinbase, is well-placed to capitalize on heightened crypto market volatility and rising asset prices. Another HOOD peer that could become a part of the index this time is the global electronic broker, Interactive Brokers IBKR. With a market cap of approximately $87 billion, Interactive Brokers has been witnessing solid improvement in profitability as retail market participation continues to rise. This year, Interactive Brokers' stock has gained 16.6%. Robinhood's potential inclusion in the S&P 500 could be seen as a triumph, symbolizing the growing influence of retail trading platforms in mainstream finance. It underscores the shift towards democratized investing, where individual investors have greater access to financial markets. Robinhood's Valuation and Estimate Analysis Given the solid price performance, HOOD shares are currently trading at a massive premium to the industry. The company has a forward price-to-earnings (P/E) of 54.33X compared with the industry average of 13.61X. Moreover, the Zacks Consensus Estimate for Robinhood's 2025 and 2026 earnings reflect a growth of 11.9% and 20.5%, respectively, on a year-over-year. In the past month, earnings estimates for 2025 has remained unchanged, while for 2026, it has moved marginally upward. Image Source: Zacks Investment Research HOOD currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 7 Best Stocks for the Next 30 Days Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops." Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.5% per year. So be sure to give these hand picked 7 your immediate attention. See them now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Interactive Brokers Group, Inc. (IBKR): Free Stock Analysis Report Coinbase Global, Inc. (COIN): Free Stock Analysis Report Robinhood Markets, Inc. (HOOD): Free Stock Analysis Report This article originally published on Zacks Investment Research (
National Post
4 hours ago
- National Post
Blue Jays continue to roll, rallying to topple the Twins in series opener
The red-hot Blue Jays show no signs of cooling down. Article content Following a 6-1 homestand, the Jays took their act on the road and continued their recent surge with a come-from-behind 6-4 win over the Minnesota Twins at Target Field in Minneapolis. Article content Article content In a potential wild-card playoff preview, the Jays came back to topple the Twins, 6-4, at Target Field in Minneapolis. Article content Since being swept in Tampa late last month, losing 13-0 in the series finale, the Jays have gone 9-2 in their past 11 games and remain tied for second place in the AL East with the Devil Rays. Article content Article content The team is playing its best baseball of the season, despite missing two big bats, while managing a pitching staff dealing with issues to its starting rotation. Article content The following are three takeaways on a night when George Springer took the club lead in home runs with nine, when he went deep for a solo shot in the sixth inning and both teams emerged from the game with 34-29 records. Article content 1. Bam bam Barger Article content Whenever Anthony Santander returns to the lineup, under no circumstances should Addison Barger move down in the order. Article content Hitting third has suited Barger, who deserve credit for taking advantage of the opportunity with Santander injured. Article content He's reached this stage where every plate appearance is a must-see, each swing, even when he's chasing, is liable to leave the yard. Article content He came close in his first at-bat against Twins starter Bailey Ober and then, with the Jays down 3-0, crushed a two-run no-doubter for his seventh homer of the season. Article content During the team's recent homestand, Barger launched a home run in four straight games. Article content When Santander does return from his shoulder injury, the Jays' lineup should be even deeper considering Daulton Varsho (hamstring) will also be back at some point. Article content The surprise bat, however, has belonged to Barger, who has emerged as a legitimate power presence. Article content The elephant in the Jays' room continues to be Andres Gimenez, whether he likes it or not. Article content It's not his fault the Cleveland Guardians gave him seven-year contract extension worth $106.5 million US two years ago. It's not his fault the Blue Jays acquired his services this past off-season in a trade. Article content The problem has been his bat. And despite his prowess with the glove at second base, his offensive contributions — aside from those three home runs in his first five games for Toronto — have been minimal.
CTV News
4 hours ago
- CTV News
CTV National News: Elon Musk and Trump's 'big, beautiful breakup'
Watch U.S. President Trump is telling media Elon Musk has 'lost his mind' in response to their war of words on social media. Joy Malbon has the latest.
